The Young Mens Christian Association Of The Triangle Area
- Assets
- $262.1m
- Revenue
- $17.4m
- Investments
- $14.5k
- Employees
- 4,594
- Location
- Raleigh, NC
- Founding
- 05/1956
- Data as of
- 12/2021
- EIN
- 56-0591307
Organization Overview
The Young Mens Christian Association Of The Triangle Area is located in Raleigh, NC. The organization was established in 1956. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. As of 12/2021, Young Mens Christian Association Of The Triangle Area employed 4,594 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of The Triangle Area is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Young Mens Christian Association Of The Triangle Area generated $17.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $18.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Young Mens Christian Association Of The Triangle Area has awarded 22 individual grants totaling $4,213,888. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE YMCA OF THE TRIANGLE AREA IS A VOLUNTEER LED PUBLIC CHARITY THAT INCLUDES MEN, WOMEN AND CHILDREN OF ALL AGES, ABILITIES, INCOMES, RACES, AND RELIGIONS. OUR MISSION IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAMS: THE YMCA OF THE TRIANGLE AREA PROVIDES QUALITY YOUTH DEVELOPMENT PROGRAMS. THESE PROGRAMS EMPHASIZE BUILDING SELF-ESTEEM AND DEVELOPING CHARACTER THROUGH PROGRAMS THAT BUILD SPIRIT, MIND, AND BODY. CHRISTIAN PRINCIPLES ARE MODELED BY STAFF, AND CHILDREN PARTICIPATE IN A VARIETY OF ENRICHMENT ACTIVITIES, INCLUDING PHYSICAL FITNESS PROGRAMS, AQUATICS, SPORTS, AND CRAFTS. ACTIVITIES ARE DESIGNED TO TEACH CARING, RESPECT, RESPONSIBILITY, HONESTY, SELF-CONFIDENCE, AND FAITH IN GOD. FOR THE MONTHS OF OCTOBER-DECEMBER 2021, 3,596 CHILDREN PARTICIPATED IN BEFORE SCHOOL, AFTER SCHOOL, AND TRACK OUT PROGRAMS. FINANCIAL ASSISTANCE WAS PROVIDED TO 219 PARTICIPANTS IN THESE PROGRAMS. FOR THE THREE MONTHS OF OCTOBER-DECEMBER 2021, THERE WERE 3,207 PARTICIPANTS IN VARIOUS YOUTH SPORTS PROGRAMS. TEAMWORK, SPORTSMANSHIP, COOPERATION, AND RESPECT FOR OTHERS ARE PRIMARY GOALS OF THE PROGRAMS. IMPROVED PHYSICAL FITNESS AND THE DEVELOPMENT OF INDIVIDUAL SKILLS ARE OTHER SIGNIFICANT GOALS. THERE WERE 542 SWIM TEAM PARTICIPANTS DURING THE THREE MONTHS OF OCTOBER-DECEMBER 2021. THERE WERE 669 YOUTH THAT WERE SERVED IN ACADEMIC TUTORIAL PROGRAMS. Y-GUIDES IS A PROGRAM DEDICATED TO BUILDING STRONG RELATIONSHIPS BETWEEN FATHERS AND THEIR CHILDREN. 4,484 YOUTH PARTICIPATED IN THIS PROGRAM.
ADULT/MEMBERSHIP PROGRAMS: THE YMCA OF THE TRIANGLE AREA IS DEDICATED TO BUILDING HEALTHY SPIRIT, MIND, AND BODY OF CHILDREN, ADULTS, AND FAMILIES. MEMBERSHIP OFFERS PARTICIPANTS OPPORTUNITIES TO IMPROVE THEIR HEALTH AND WELLBEING THROUGH ACTIVITIES THAT FOCUS ON AND PROMOTE PHYSICAL FITNESS AND HEALTHY LIFESTYLES. OUR WELLNESS-BASED FITNESS PROGRAMS HELP PEOPLE SET GOALS FOR THEIR FITNESS AND PROMOTE HEALTH AND IMPROVED WELLBEING. MEMBERSHIP PROGRAM ELEMENTS INCLUDE NUTRITION, STRESS MANAGEMENT, CHRONIC DISEASE SUPPORT, AND HEALTH EDUCATION. ACTIVITIES INCLUDE GROUP FITNESS, WATER FITNESS, STRENGTH TRAINING, GROUP TRAINING, AND VARIOUS ADULT SPORTS. THE Y SERVED 65,743 MEMBERS, INCLUDING 7,228 INDIVIDUALS WHO RECEIVE FINANCIAL ASSISTANCE TO ENABLE THEM TO BE MEMBERS OF THE Y. THE NUMBER OF PROGRAM VOLUNTEERS WHO DONATED THEIR TIME TO FURTHER THE Y'S MISSION WAS 754.
OVERNIGHT CAMP: CAMP SEA GULL, CAMP SEAFARER, AND CAMP KANATA PROVIDE CHILDREN AND TEENS OPPORTUNITIES TO SET GOALS, DEVELOP SPECIALIZED LAND AND SEAMANSHIP SKILLS, LEARN INDEPENDENCE AND DECISION-MAKING SKILLS, AND DEVELOP LIFE-LONG FRIENDSHIPS THROUGH AN OVERNIGHT CAMPING EXPERIENCE WITH OTHERS FROM DIFFERENT GEOGRAPHIC AREAS, MULTI-CULTURAL BACKGROUNDS, AND VARIOUS RELIGIOUS AFFILIATIONS. CHARACTER DEVELOPMENT IS PRINCIPAL OBJECTIVE OF THE PROGRAMS INCLUDING TEACHING THE VALUES OF CARING, RESPECT, RESPONSIBILITY, HONESTY, FAITH IN GOD, SELF-CONFIDENCE, COURAGE, CONSIDERATION, COOPERATION, AND INTEGRITY. THROUGH INTENTIONALLY DESIGNED PROGRAM ELEMENTS, CAMPERS LEARN THE IMPORTANCE OF STRONG VALUES BASED ON CHRISTIAN PRINCIPLES. THESE PROGRAMS ARE HELD PRIMARILY IN THE SUMMER MONTHS, SO ONLY 206 PARTICIPANTS WERE ACTIVE DURING OCTOBER-DECEMBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Poyner Spruill Legal Services | 9/29/17 | $124,785 |
Mcguirewoods Llp Legal Services | 9/29/17 | $170,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $669,824 |
| Government grants | $76,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,915,524 |
| Noncash contributions included in lines 1a–1f | $1,132,095 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,662,301 |
| Total Program Service Revenue | $9,206,365 |
| Investment income | $80,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $237,264 |
| Net Gain/Loss on Asset Sales | -$24,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $69,833 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,441,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $534,449 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,973 |
| Compensation of current officers, directors, key employees. | $220,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,692,526 |
| Pension plan accruals and contributions | $987,191 |
| Other employee benefits | $652,938 |
| Payroll taxes | $625,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,629 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $362 |
| Fees for services: Other | $880,456 |
| Advertising and promotion | $157,468 |
| Office expenses | $340,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,677,395 |
| Travel | $114,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,957 |
| Interest | $323,248 |
| Payments to affiliates | $121,406 |
| Depreciation, depletion, and amortization | $1,734,507 |
| Insurance | $0 |
| All other expenses | $185,976 |
| Total functional expenses | $18,511,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,404,231 |
| Savings and temporary cash investments | $23,180,600 |
| Pledges and grants receivable | $3,884,422 |
| Accounts receivable, net | $16,894,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $229,728 |
| Prepaid expenses and deferred charges | $2,051,434 |
| Net Land, buildings, and equipment | $146,192,717 |
| Investments—publicly traded securities | $33,316,771 |
| Investments—other securities | $14,470 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,886,683 |
| Total assets | $262,055,739 |
| Accounts payable and accrued expenses | $5,375,133 |
| Grants payable | $0 |
| Deferred revenue | $32,526,452 |
| Tax-exempt bond liabilities | $44,672,099 |
| Escrow or custodial account liability | $1,769,457 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,712,692 |
| Unsecured mortgages and notes payable | $12,555,238 |
| Other liabilities | $18,780,357 |
| Total liabilities | $118,391,428 |
| Net assets without donor restrictions | $111,123,020 |
| Net assets with donor restrictions | $32,541,291 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $262,055,739 |
Grants Awarded
Over the last fiscal year, The Young Mens Christian Association Of The Triangle Area has awarded $534,449 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: General Support | $528,449 |
YMCA OF THE USA PURPOSE: Support for World Service project | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Young Mens Christian Association Of The Triangle Area has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Jjk Foundation Herndon, VA PURPOSE: CAMP SEA GULL AND CAMP SEAFARER | $4,000 |
Endowment Analysis
| Beg. Balance | $14,442,877 |
| Earnings | $519,401 |
| Net Contributions | $126,843 |
| Other Expense | $529,914 |
| Ending Balance | $14,559,207 |